- News
US firm Westminster Foods has acquired another New York-based business, the chocolate and flavoured syrup maker H Fox & Co.
August 24, 2016
US firm Westminster Foods has acquired another New York-based business, the chocolate and flavoured syrup maker H Fox & Co.
Free Report
What’s the forecast for the food and grocery industry?
The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation.Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020.This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
- Market drivers and inhibitors
- Five-year forecasts and the impact of COVID-19
- The performance of the online channel versus offline
- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
Thank you.
You will receive an email shortly. Please check for download the Report.
Go deeper with GlobalData
Premium Insights
The gold standard of business intelligence.
Find out more
Related Company Profiles
The acquisition “broadens Westminster’s existing sauce, syrup and condiment business including Gold’s horseradish based sauces and Nathan’s mustard lines”, Westminstersaid.The Fox’s line will be offered under the Gold’s Pure Foods umbrella of products.
Fox, founded in 1895 by Herman Fox, sellsthrough retail and foodservice channels under the Fox’s and Fox’s U-betbrands.
Westminster’s CEO, Bob Abramowitz, said: “We’re very happy to add Fox to our growing sauces and syrup portfolio. Like Gold’s horseradish, Westminster Crackers and Lucy’s snacks, the Fox brand is well known for premium quality and authenticity.”Abramowitz said Westminster wouldcontinue to offer all the Fox’s products under the Fox name.
Westminster Foods is a food holding company created last year by the private-equity firm LaSalle Capital, when it invested in Westminster Cracker Company and combined it with another asset it acquired, Gold’s Pure Foods.
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free sample
Your download email will arrive shortly
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
See Also:
- Conagra factory freeze, Hain ditches Thinsters, Sunfed’s demise, Barilla US pasta move – Just Food’s week in data
- Hong Kong suspends some US poultry imports to halt bird flu spread
In January this year, LaSalle Capital snapped up US allergen-free cookie maker Dr Lucy’s and added that its food portfolio under Westminster Foods.
Free Report
What’s the forecast for the food and grocery industry?
The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation.Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020.This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
- Market drivers and inhibitors
- Five-year forecasts and the impact of COVID-19
- The performance of the online channel versus offline
- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
By GlobalData
Thank you.
You will receive an email shortly. Please check for download the Report.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Sign up
Go deeper with GlobalData
Premium Insights
The gold standard of business intelligence.
Find out more
More Relevant
News
Conagra factory freeze, Hain ditches Thinsters, Sunfed’s demise, Barilla US pasta move – Just Food’s week in data
News
Hong Kong suspends some US poultry imports to halt bird flu spread
News
US updates WIC federal food aid programme for mothers, children
News
